NEWS

Cadastre effort may go on hold as funds dry up

The head of Greece’s land registry on Tuesday proposed scrapping most of the tenders launched for the completion of the remaining 60 percent of the cadastre amid concerns about a lack of funds.

Greece has committed to completing the land registry by 2020 as part of its pledges to the troika but funding from the public investment budget has dried up and pledges that some 100 million euros would be provided through European Union structural funds have also not materialized. The Environment and Development ministries are now pledging just 29 million euros.

National Cadastre and Mapping Agency president Ilias Liakopoulos also argued that the bids made for 22 of the 28 tenders were too high. The board decided to postpone its decision until after the elections.